It was ten years ago that Mark Carney warned in his landmark ‘Tragedy of the Horizon’ speech that the global financial system faced an existential climate threat, but deal-making hasn’t changed, writes Matt Price, executive director of Investors for Paris Compliance. As banks continue pouring money into fossil fuels, Price suggests that regulation is the only viable path forward.
A Decade After Carney’s Warning, Finance Still Chooses Short-Term Profit Over Long-Term Survival
